City Walk and Al Wasl Market Report: Q3 2026
In Q3 2026, the median apartment price in City Walk and Al Wasl was AED 3,163 per sq ft, across 129 residential sales transactions worth AED 572 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 129
- Residential sales transactions −27.9%
- AED572 million
- Sales value −31.0%
- AED3,163
- Apartments, median price per sq ft −5.4%
- 87%
- Off-plan share of sales 112 off-plan sales
- 68
- New lease registrations (Ejari) +257.9%
- AED149
- Apartment rent per sq ft, a year +1.5%
- 5.5%
- Gross rental yield, apartments⚠ 17 +0.3 pts
Apartments, median price per sq ft
Apartment rent, median per sq ft a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
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FAQ
How many residential sales transactions were recorded in City Walk in Q3 2026?
Residential sales transactions in City Walk totalled 129 in Q3 2026, worth AED 572 million. Sales declined 27.9% quarter-on-quarter. Off-plan sales accounted for 87% of the total and owner resales 11%.
What is the price per sq ft in City Walk?
The median apartment price in City Walk was AED 3,163 per sq ft in Q3 2026, across 129 sales; it declined 5.4% quarter-on-quarter, and was 87% above the Dubai median.
Are property prices in City Walk going up or down?
The median apartment price in City Walk declined 5.7% between Q1 2026 and Q3 2026, from AED 3,353 to AED 3,163 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| ⚠Q1 2026 | 418 | AED 1.95 billion | AED 3,353 | – | 16 | AED 183 | 5.6% |
| ⚠Q2 2026 | 179 | AED 829 million | AED 3,345 | – | 19 | AED 147 | 5.1% |
| Q3 2026 | 129 | AED 572 million | AED 3,163 | – | 68 | AED 149 | 5.5% |
How much does a home in City Walk cost by number of bedrooms?
In City Walk in Q3 2026, median prices were AED 2.4 million for a 1-bedroom apartment (68 sales); AED 3.5 million for a 2-bedroom apartment (22 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠Studio | 9 | AED 1.4 million | AED 3,553 |
| 1-bed | 68 | AED 2.4 million | AED 3,033 |
| ⚠2-bed | 22 | AED 3.5 million | AED 2,968 |
| ⚠3-bed | 21 | AED 10.0 million | AED 3,817 |
| ⚠4-bed | 7 | AED 16.4 million | AED 3,583 |
What is the average rent in City Walk?
The median rental rate on new apartment lease registrations (Ejari) in City Walk was AED 149 per sq ft a year in Q3 2026, across 68 registrations. 68 new leases and 0 renewals were registered with Ejari.
What is the rental yield in City Walk?
The gross rental yield on ready apartments in City Walk was 5.5% in Q3 2026, comparing median new rents with median ready sale prices per sq ft.
How much does property in City Walk cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in City Walk in Q3 2026, the median apartment price of AED 3,163 per sq ft is approximately $861 per sq ft; the median new apartment rental rate of AED 149 per sq ft a year is approximately $41.
How many prime sales were recorded in City Walk?
15 prime sales (AED 10 million and above) were recorded in City Walk in Q3 2026, worth AED 195 million and accounting for 11.6% of sales. Villas and townhouses accounted for 0 of them and off-plan sales for 15.
How does City Walk compare with Dubai?
The median apartment price in City Walk was 87% above the Dubai median in Q3 2026, at AED 3,163 per sq ft compared with AED 1,692.
| Measure | City Walk | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 3,163 | AED 1,692 |
| New apartment rent, per sq ft a year | AED 149 | AED 94 |
| ⚠Gross yield, apartments | 5.5% | 6.8% |
| Off-plan share of sales | 87% | 69% |
Which buildings in City Walk recorded the most sales?
Damac City 2 by DAMAC recorded the most sales of any building in City Walk in Q3 2026, with 49 sales worth AED 115 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Damac City 2Al Wasl | DAMAC | 49 | AED 115 million | 100% | AED 3,027 |
| ⚠Eden House The ParkAl Wasl | H&H Development | 15 | AED 145 million | 100% | AED 3,853 |
| ⚠City Walk Crestlane 4Al Wasl | Meraas | 13 | AED 81.4 million | 100% | AED 3,339 |
| ⚠ErinAl Wasl | Meraas | 10 | AED 30.3 million | 0% | AED 2,857 |
| ⚠FernAl Wasl | Meraas | 9 | AED 42.1 million | 100% | AED 3,163 |
| ⚠City Walk Crestlane 5Al Wasl | Meraas | 6 | AED 16.6 million | 100% | AED 3,452 |
| ⚠MyrtleAl Wasl | Meraas | 4 | AED 8.5 million | 0% | AED 2,665 |
| ⚠Mr.C Residences DowntownAl Wasl | – | 3 | AED 39.2 million | 100% | AED 3,956 |
| ⚠City Walk Crestlane 3Al Wasl | – | 3 | AED 15.5 million | 100% | AED 3,260 |
| ⚠LaurelAl Wasl | Meraas | 3 | AED 13.8 million | 0% | AED 2,704 |
Which developers recorded the most off-plan sales in City Walk?
DAMAC recorded the most off-plan sales in City Walk in Q3 2026, with 49 sales worth AED 115 million, accounting for 44% of off-plan sales. It was followed by Meraas (39), H&H Development (15).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| DAMAC | 49 | AED 115 million | 44% |
| Meraas | 39 | AED 199 million | 35% |
| H&H Development | 15 | AED 145 million | 13% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). City Walk and Al Wasl Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/city-walk-al-wasl/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.